You Could Pay 4 Percent More For Groceries This Year

8:30 AM, Jan 17, 2013   |    comments
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WASHINGTON (WUSA) --  Prices were modestly higher for gas, food and shelter -- and overall inflation was more subdued than in 2011.

The Consumer Price Index -- the government's key measure of inflation -- was up 1.7% last year compared with 3 percent in 2011. But could this year could be tougher for consumers?

The U.S. Department of Agriculture has reported that consumers can expect to pay 3 percent to 4 percent more for groceries this year. You can blame the drought, which generally drove up feed prices.

Here are some examples:

  • Beef prices as a whole could see the biggest jump from 4 percent to 5 percent.
  • Dairy product prices are forecast to climb 3.5 percent to 4.5 percent.
  • Poultry and egg prices are projected to rise 3 percent to 4 percent
  • Pork prices are expected to rise 2.5 percent to 3.5 percent in 2013.

When you work on that budget for food you are going to feel it this year.

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